Nasdaq in talks over $100m Chi-X Canada acquisition - Bloomberg

Nasdaq in talks over $100m Chi-X Canada acquisition - Bloomberg

US exchange operator Nasdaq could be heading north through the $100 million acquisition of Chi-X Canada, according to Bloomberg.

A deal that would see Nasdaq begin competing with the Toronto Stock Exchange could be finalised within two weeks, says Bloomberg, citing sources.

Majority-owned by Nomura and counting JPMorgan, Bank of America, UBS and Goldman Sachs as investors, Chi-X Global also operates trading platforms in Australia and Japan.

The firm began looking into a sale earlier this year after its owners received an unsolicited offer for the business, says Bloomberg.

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